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OptionTrader for Option Trading

OptionTrader is a robust trading tool that lets you view and trade options on an underlying.

option trading

OptionTrader displays market data for the underlying, allows you to create and manage options orders including combination orders, and provides the most complete view of available option chains, all in a single screen.

TWS OptionTrader offers trader the following benefits:

  • Configurable format.
  • Quick click order entry.
  • Manage options orders on a single screen.
  • Display Implied Volatility by contract.
  • Calculate fair value of option contracts.
  • View the Greek risk dimensions.
  • See open interest on option chains.
  • Color-coded values for quick glance information.
  • Access Trader Workstation's other integrated options tools with a single click, including IB Risk Navigator, Options Analytics and Model Navigator.

Combo Tab

how to trade options
The OptionTrader Combo tab offers a quick, easy and accurate way to create and transmit a multi-leg combo order in as few as three mouse clicks. The Combo tab lets Traders:
  • Monitor price variations of the underlying in the Quote panel.
  • View all available chains or filter for specific contracts. Option chains are organized by strike and expiry, with calls on the left and puts on the right.
  • Use the Statistics panel to view open interest, volatility and volume changes, and other option-related statistics.
  • Configure the data displayed by adding or removing columns for calculated model prices, implied volatilities, open interest and the Greeks.
  • Trade in terms of volatility rather than option premium prices.
  • Submit Delta Neutral trades, for which the required stock position is automatically calculated to hedge an option's delta risk.
  • Create multiple pages for different underlying securities.
  • Add "Display size" to work large orders on an iceberg basis.
option chains for options trading

The risk of loss in online trading of stocks, options, futures, currencies, foreign equities, and fixed income can be substantial. Options are not suitable for all investors. For more information read the "Characteristics and Risks of Standardized Options". For a copy click here.

Your capital is at risk and your losses may exceed the value of your original investment.

Interactive Brokers (U.K.) Limited is authorised and regulated by the Financial Conduct Authority. FCA Reference Number 208159.

Interactive Brokers LLC is regulated by the US SEC and CFTC and is a member of the SIPC (www.sipc.org) compensation scheme;
products are only covered by the UK FSCS in limited circumstances.

Before trading, customers must read the relevant risk disclosure statements on our Warnings and Disclaimers page.

For a list of IBG memberships worldwide, click here.